If the applicant maintains an NMLS record, the mortgage banker must complete and submit the Branch Form (MU-3) application through NMLS, pay the application fee, and submit the following documentation to the Division before the Division will accept the application.
- A qualified employee that is a licensed mortgage agent and meets the requirements in NAC 645E.310 must be designated.
- The applicant must have been examined by the Commissioner and received a satisfactory rating during the preceding twelve months or submit a request for a waiver.
If the applicant conducts only commercial mortgage activity and does not maintain an NMLS record, the applicant should contact the Division directly at (775) 684-7060 to obtain the branch license application.
A license for a branch office will only be issued in the name in which the mortgage banker is licensed to conduct business at his or her principal office.
An application for a license for a branch office shall be deemed abandoned if the applicant fails to respond, within 30 calendar days of the date after the request or on or before a later date set by the Commissioner, to any written request by the Division for information or records required in connection with the investigation and evaluation of the qualifications and sitability for licensure of the applicant, its qualified employee or, if applicable, its control persons.
[NRS 645E.200(2); NRS 645E.280; NAC 645E.220; NAC 645E Adopted Regulation 126-16]